Successful Mobile Asset Tracking Solution Implemented by Velagio and Fulcrum at One of the Nation's Largest Wireless Telecommunications Providers.Business Editors/High-Tech Writers SEATTLE--(BUSINESS WIRE)--June 25, 2003 Velagio, Inc. (Velagio), a business solutions provider, and Fulcrum fulcrum: see lever. Technologies, Inc. (Fulcrum), a telecommunications industry leader in automated mobile network asset tracking solutions, today announced they have successfully completed a major contract with one of the United States' top 5 largest wireless telecommunications providers. The decision to choose Fulcrum coincides with the customer's need to efficiently and accurately manage all of the equipment that is being deployed as part of a multi-billion dollar GSM (Global System for Mobile communications (communications) Global System for Mobile Communications - (GSM, originally "Groupe de travail Sp?ciale pour les services Mobiles") One of the major standards for digital cellular communications, in use in over 60 countries and serving over one billion subscribers. ) overlay initiative. "Given implications of the Sarbanes-Oxley Act See SOX. of 2002 on financial controls, the accuracy and timelines of tracking field inventory and deployed assets is now more critical than ever before. CFO's and Internal Audit teams must verify that these assets are tracked and accounted for properly," said Kurt Underwood, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Velagio and former senior vice president and partner for KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen Consulting (BearingPoint). Velagio and Fulcrum successfully completed a nationwide implementation of Fulcrum's CATS(TM) software solution that was fully integrated with Oracle applications by Velagio. Furthermore, Fulcrum will work with the customer to become the "front end" solution to their current operational support systems, thereby streamlining processes and procedures, to reduce countless hours of paper work and data entry. CATS leverages bar-code technology and mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings devices which will provide a complete view of in-service and spare inventory. CATS also automates the repair/return process and provides accurate information about the location and status of network assets. Fulcrum's specific focus on telecommunications, along with years of experience working with dozens of other telecom companies, made them a perfect choice for this project. "Fulcrum selected Velagio because of their solutions-oriented approach, in-depth understanding of the mobile enterprise applications and extensive knowledge with the Oracle Applications business model, workflow and database structure. It is great to be working with a recognized business and technology solutions provider like Velagio," said Fulcrum CEO, Brent Bauer. "Our completed CATS implementation offers Fulcrum an opportunity to prove that current market conditions have not deterred the need for tools that help customers improve their bottom lines quickly." About Velagio Velagio is a business solutions provider with management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects and technology services in strategy, business process and enterprise applications. Broadband in Motion(TM) -- Velagio's mobile enterprise applications software suite includes CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. (customer relationship management) applications that are developed with industry leading mobile technology from Microsoft and Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. . Velagio's development operations (Innovation Centre), located in Portland, Ore., showcase strategic partnerships with hardware and software development companies that look to Velagio for secure, well-designed, high quality, standards-based software development. For more information, please visit www.velagio.com. About Fulcrum Technologies, Inc. Fulcrum is a private, Seattle-based company that provides asset tracking and materials management Materials management is the branch of logistics that deals with the tangible components of a supply chain. Specifically, this covers the acquisition of spare parts and replacements, quality control of purchasing and ordering such parts, and the standards involved in ordering, solutions to the telecommunications industry. Founded in 1998, the company provides the software, mobile computing hardware, and Professional Services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. necessary to help telecommunications providers manage their network assets. Fulcrum has installed its software for over thirty (30) wireless and landline companies throughout the U.S. Visit Fulcrum Technologies on the Web at www.fulcrum.com Microsoft is a registered trademark of Microsoft Corporation. Sun Microsystems is a registered trademark of Sun Microsystems, Inc. Oracle is a registered trademark of Oracle International Corporation. |
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